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How These Young Billionaires Became So Successful

Mark Zuckerberg

At age 31, Mark Zuckerberg is worth $37.6 billion as the co-founder and CEO of Facebook. Facebook has become the second biggest website in the entire world in terms of traffic with only Google being bigger.

With 1.4 billion active monthly users, Mark Zuckerberg has turned Facebook into a company that has literally changed the world and how we communicate through the internet.

Dustin Moskovitz

At age 31, Dustin Moskovitz is the second wealthiest of these 10 young billionaires as the co-founder of Facebook. He is worth $8.9 billion after dropping out of Harvard University to help Mark Zuckerberg, the more well-known Facebook co-founder, start what would be the company that began the social media revolution.

You may not ever hear about Moskovitz much because he left Facebook in 2008, so he could go start hi own software company, Asana.

Scott Duncan

At age 32, Scott Duncan is worth about $5.4 billion after he and his siblings inherited their father’s fortune tax-free, because of a one-year lapse in the estate taxes. His father was a natural gas oil pipeline tycoon (Enterprise Products) in Texas.

Eduardo Saverin

At age 33, Eduardo Saverin, another lesser-known Facebook founder, is worth $5.3 billion. After a big lawsuit about with Facebook about what Saverin’s role actually was in the creation of Facebook, a settlement was eventually reached that determined he was a co-founder.

He has since moved to Singapore, China in 2011, which is thought to be because he wanted to avoid capital gains taxes from Facebook’s IPO.

Yang Huiyan

At age 34, Yang Huiyan is the youngest female billionaire and 5th richest in mainland China with a net worth of $5 billion. She was given here father’s stake in the real estate development company, Country Garden before its IPO in 2007.

She used to tag along with her father in his board meetings as a teenager, allowing her to learn the business that he did so well in.

Anton Kathrein

He became CEO at 28 years old when his father passed away. His company was well known for automotive antennas in the 20th century, but now makes the receivers, antennas and cables for cell phone signals.

Evan Spiegel

At age 25, Evan Spiegel is worth $1.5 billion as the co-founder of Snapchat, a popular new social media platform.

He turned down a $3 million offer from Facebook to buy Snapchat and now it has over 100 million daily active users.

After growing up in a wealthy family of lawyers in Los Angeles, CA, Spiegel left Stanford University shortly before he completed his degree to work on Snapchat full time.

Perenna Kei

At age 24, Perenna Kei is the world’s youngest billionaire with a net worth of $1.3 billion. She inherited her wealth from owning 85% of Logan Property Holdings through a family trust and multiple companies.

Her father runs Logan, a major Chinese real estate company.

Drew Houston

At 32 years old, Drew Houston is worth $1.23 billion as the co-founder and CEO of Dropbox. He was also involved in other startups before Dropbox including: Hubspot, Accolade and Bit9.

Ever since he was a little boy growing up in Massachusetts, Drew Houston always had a fascination with computers and now his company, Dropbox, an online file storage and backup company, gets 500 million files saved each day to its service.

Conclusion

As you can see through these 10 stories, you don’t have to have 40 years experience in a field to finally develop a billion dollar company.

Although some of the youngest billionaires in the world got their fortune as inheritance from their families, a lot of them just worked hard and partnered with others like them to create incredible companies.

If you want to be a young billionaire likes 10 people, find a need, preferably in technology or internet industries and find other talented individuals like you to partner up with. It’s hard to become a billionaire alone.

Which of these billionaires has the most interesting story, in your opinion?

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